AAPL Technical Analysis & Options GEX Outlook. Aug. 11

Technical Analysis (1H Chart)
Apple (AAPL) has maintained a strong bullish structure with consecutive Break of Structure (BOS) levels forming since the early August rally. The recent CHoCH on August 8th was quickly reclaimed with another BOS, confirming bullish continuation. Price is currently consolidating just under the $231.00 mark, aligning with a diagonal trendline resistance.
Momentum indicators remain supportive:
* MACD is in bullish expansion after a brief pullback.
* Stoch RSI is in mid-to-high range, leaving room for another upside push.
Key intraday support sits around $228.00–$228.20 (prior demand zone). A breakdown here could retest the $222.50–$223.00 range, which aligns with previous structure support. Immediate bullish continuation above $231.00 would target the mid-$230s, potentially $235.00 in extension.

Options GEX Analysis

* Major Gamma Wall: $231.00 – heavy CALL positioning acting as resistance.
* Other Key Levels:
* $227.50 (GEX8 + CALL zone) – strong support if retested.
* $222.50 (2nd CALL wall + GEX10) – deeper support before trend reversal risk.
* Downside Risk Zones:
* $210.00 – HVL support & psychological zone.
* $205.00–$200.00 – large PUT walls; breach here could accelerate downside.
IV & Flow:
* IVR: 18.2 (low) → Options relatively cheap.
* IVx: 28.8 (slightly down -3.26%).
* Calls lead at 4.1% over puts, reinforcing a bullish tilt.

Trade Outlook:
* Bullish Scenario: Break & close above $231.00 opens path to $235.00 and possibly $240.00. Best suited for CALL spreads or debit calls targeting the $235 strike, expiration 1–2 weeks out.
* Bearish Scenario: Rejection at $231.00 with breakdown below $228.00 invites PUT entries toward $223.00, stop above $231.20.
* Neutral/Range Play: If price stalls between $228.00–$231.00, short-term iron condors or straddles could work.

Disclaimer: This analysis is for educational purposes only and is not financial advice. Trade at your own risk.